Personal Finance Bowl

We are buying out our car lease in May. Any tips/advice for financing a car? How much to put down? Terms? Credit score? Thanks!

Question! Can someone explain what it means when interest “accrues daily and is compounded and credited on a monthly basis?” I can’t quite wrap my mind around it in practical terms.

I have a tax penalty due in March. It was from last year and I made a payment plan but wasn’t able to pay it. What should I do and what will happen?

If I get online master program and pays $100K, does that make my income tax lower?

Does it matter where you open up your Roth IRA? I know a lot of ppl use vanguard but I opened one already on Ally

Hi all,
I am about to start my own business which has a high degree of risk. Does having an LLC for the business protect my personal assets incase there is a lawsuit against the business. The nature of… more

I plan to open my own business next year or in 2026. Should I register a single member LLC now?

Rationale: I saw on Reddit that if I register now and can carry cost, loss, and tax credit over the next … more

If there is negative equity on an auto loan and also a need to trade the car in, is it better to pay down the negative equity on the existing loan or give a larger down payment on the new car purchase… more

26 yr old maxing out Roth 401k (along with other vehicles). If I think it’s likely that I will go back to school full time at some point, should I think about contributing via traditional instead of … more

I think I can solve most of my finance issues by reorganizing the timing of my bills. My problem is most of my bills along with rent is from my first paycheck of the month. If I separate rent to one p… more

Would you rather…

Live a life of financial comfort and die at age 60? Or…

Live paycheck to paycheck and/or be in debt your whole life and live until 100?

How does everyone set up checking accounts? Do you have one for main income and then an account for each major bill such as house (mortgage, electric, water) or just one big one for all??

What does anyone know about social security benefits ? I was reading somewhere about drawing benefits on a ex spouse who was deceased … we were married 18 yrs and I’m 62 years old … was wanting to wai… more

Company 401k vendor has extremely bad customer support (almost shady) , keeps getting sold off. I have a separate 401k from prior jobs. Ideally I would have consolidated into one but given the situati… more

If I want to start putting $200 a month in a retirement account, what would be the best account? I have approximately 20 years before I retire and currently have no savings for anything.

Receiving a bonus of about $16,500 and thinking about what to do with it. Suppose after taxes I’ll have about $12,000. I plan to use $2,000 for a vacation. That leaves me with about $10,000. My options for what to do with it… more

Are there any platforms like Mint that work with banks/accounts across different countries?

Can someone please tell me as detailed as possible- how to do a trial of investing?

I have never done investing. Willing to spend about $3000 within the next 3-6 months to familiarize all options and d… more

Mint users - what are you switching to?

Any advice on how to balance transfer a $25k student loan?

Hello y’all,
I have been issued a K1 which will flow into my personal tax return. Does anyone know which TurboTax version software I should use for my personal income?

Tax time…

I have $80k in capital losses. I don’t have any capital gains.. should I just use the $3k a year off my ordinary income for the next 27 years or is there a better way to do this?

Which high yield account are you using and are yoo happy about it? I really need to open one. Thanks!

Long shot - anyone used Anderson advisors ? How was your experience

I am looking to hire an accountant to help with filing taxes and tax strategy planning. I have been reading online about making sure you find a good CPA to help but haven’t seen anything that provides… more

What are funds or individuals stocks are you investing in this year?

I’ve maxed my 2024 IRA out with $VTI.

What’s your monthly salary gross vs. net?

It’s always interesting to see how much some people are taxed. My details are below.

Gross: $7,452
Net: $6,707

That doesn’t include my contributions to my TSP/401… more

Interested to hear whether people think credit cards are beneficial for personal finance? And how people use them to their advantage? Or is it better to stay clear and be in more control of your budge… more

Why is my federal refund 2k more on tax act and 2k less on freetaxUSA and turbo tax? The amount is displayed immediately after only entering my w-2 on all three platforms…

A couple weeks ago, I disputed a transaction for credit card fraud. Equifax picked it up, indicated that there was a remark in my credit card account, and reduced my credit score 111 points. The credi… more

I’m debating using National Debt relief or something similar. I have about 30k in credit card debt. I purchased a home during the pandemic, and put way too much down (trying to be financially responsi… more

I have about 10k cc debt has no interest until July 2024. I have an offer from another cc company for a balance transfer 0 interest for 18 months. Should I take advantage of this offer and transfer m… more

Im in my 30s and don’t have anything in my retirement and don’t own a home. Should my focus be saving up for a down payment to buy a home or should i simultaneously put aside money for retirement?

Should I back off my retirement saving to pay my student loan off faster?

For context, I owe about $20k in student loans right now and have previously contributed 10-12% to my 401(k) and tried to max o… more

Wanna have a more financially stable year! Had my first corporate job last yr. Made 68k. I’m about 17k in debt with loans/credit cards. Credit is around 580 more or less depends on which version you’r… more

I have $25k of student loan debt that I’m currently making minimum payments that just cover the yearly interest. I haven’t yet bought a home. Should I first work towards buying my first home or should… more

I have some debt that I’m paying off. Should I still do my employer 401k match or focus on paying off the debt first?

What percentage of their paycheck do people here allocate to savings? I was told by a financial planner that 15% is good. Or do people just transfer the most money that they are able to save rather th… more

When do you think you should switch from doing your taxes yourself to having someone do them?

Is it just me or are we trending backwards towards having a wealthy aristocrat class and the rest of the country as indentured servants? The middle class feels no more…